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More than 100 people have now been arrested in SA’s recent corruption blitz – here’s the list

More than 100 people have now been arrested in SA’s recent corruption blitz – here’s the list

The warrant for the arrest of former Free State premier Ace Magashule follows a flurry of...

Business Insider SA

KPMG faces a R230 million fine in the UK for a failed bank audit that, unlike VBS in South Africa, was an honest mistake

KPMG faces a R230 million fine in the UK for a failed bank audit that, unlike VBS in South Africa, was an honest mistake

The audit firm argues it should only pay R25.4 million in fines for admitted misconduct...

Phillip de Wet, Business Insider SA

KPMG partners could face a R2 billion claim on VBS - and their insurance may not pay

KPMG partners could face a R2 billion claim on VBS - and their insurance may not pay

KPMG South Africa won't say if its insurance against claims – like the massive one it may...

Phillip de Wet and Helena Wasserman, Business Insider SA

Six months ago the AG said it was too early to tell if KPMG was compromised. On Tuesday he terminated its contracts 'with immediate effect’.

Six months ago the AG said it was too early to tell if KPMG was compromised. On Tuesday he terminated its contracts 'with immediate effect’.

Media reports around KPMG – and smaller audit firm Nkonki – meant he had to stop their...

Phillip de Wet, Business Insider SA

Two KPMG partners with a combined 26-year history at the firm have quit amid the growing VBS Mutual Bank scandal

Two KPMG partners with a combined 26-year history at the firm have quit amid the growing VBS Mutual Bank scandal

KPMG signed off on a banking operation that was, as described by the Reserve Bank,...

Phillip de Wet, Business Insider SA

R900 million is missing from VBS, the bank that gave Jacob Zuma a loan – and a columnist says it looks like 'major fraud'

R900 million is missing from VBS, the bank that gave Jacob Zuma a loan – and a columnist says it looks like 'major fraud'

And the curator is reportedly worried there may have been inside deals to "extract money...

Phillip de Wet, Business Insider SA

18 months ago VBS gave Jacob Zuma a loan – and municipal deposits started pouring in. The Reserve Bank just put VBS into curatorship because it could not pay back the money.

Money and Markets

18 months ago VBS gave Jacob Zuma a loan – and municipal deposits started pouring in. The Reserve Bank just put VBS into curatorship because it could not pay back the money.

18 months ago the bank gave Jacob Zuma a loan. At the same time municipalities started...

Phillip de Wet, Business Insider SA

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